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  • #28,641
  • Jan 25, 2024 12:21pm Jan 25, 2024 12:21pm
Hello Guys,

I got terminated by The Funded Trader a couple of days ago for no reason.
Tried to clarify with them but they just stopped communicating. 0 prior warnings, I had 375 k funded account and another 300k. Lately, I was on the roll scalping the GU rising channel making $2-5k per day and I guess it was too much for them.
I described my experience a little bit in Trustpilot https://www.trustpilot.com/users/65b...2a4c00128c3695

If you guys have a similar experience, It might be good to reply on Twitter to try to get some friction. Seems like they really depend on the fact that there are so many traders that they can just terminate the 5% of the most profitable ones and roll on. As individual complaints, we look like non-important, but perhaps if we bunch up together, we might be able to be heard. I'm trying to force their CEO to provide some explanation or correction on Twitter: https://x.com/zio210/status/1750569184965083264?s=20 so if you have a similar experience, would appreciate sharing there in replies.

Has anyone been terminated and then gotten their accounts back? They gave me no notice before, no explanation as to why I was terminated and just cut me off. Super frustrating for this to be happening finally when I started making nice profits. I had a combined $35k of profit I could withdraw in a week from my funded accounts and they just cut me out. I don't trust this company any more, but want to at least get my final payout before I move on. Any useful advice appreciated.

Rado
  • #28,642
  • Jan 25, 2024 12:51pm Jan 25, 2024 12:51pm
sorry to hear that
  • #28,643
  • Jan 25, 2024 12:51pm Jan 25, 2024 12:51pm
Quoting Takisd
I had a conversation today with metaquotes about accepting US residents. Anyone doing so without permission is in trouble. Thats my source for the gentleman who wanted to know. Thought i'd add my opinion too. all this is going to do is embolden cue banks and his tradelocker charting system. So a scammer gains more power.
So the only ones safe rn would be FTMO based on that? So all the others will have to either ban access to US clients or use something else like Ctrader(which many try to incorprate for a long time so probably wont happen) or some shit like tradelocker. Damn it's not looking good for US people. I'd guess if the props have to choose before losing 30% of their clients and losing them all due to not having a platform where clients can trade then they'd go in ftmo's footsteps.
  • #28,644
  • Jan 25, 2024 1:39pm Jan 25, 2024 1:39pm
Quoting Rado-FX
Hello Guys, I got terminated by The Funded Trader a couple of days ago for no reason. Tried to clarify with them but they just stopped communicating. 0 prior warnings, I had 375 k funded account and another 300k. Lately, I was on the roll scalping the GU rising channel making $2-5k per day and I guess it was too much for them. I described my experience a little bit in Trustpilot https://www.trustpilot.com/users/65b...2a4c00128c3695 If you guys have a similar experience, It might be good to reply on Twitter to try to get some friction....
Just file with the CFTC and FTC a complaint. There are piles of them about TFT lately exactly the same as yours. Also be sure to let the authorities in the UAE know.
  • #28,645
  • Jan 25, 2024 1:43pm Jan 25, 2024 1:43pm
Quoting TraderTero
{quote} {image}
I have gone round and round with them on updating the language on their home page and FAQ to be more clear. It still has conflicting information today, LOL!
  • #28,646
  • Jan 25, 2024 2:08pm Jan 25, 2024 2:08pm
Quoting Tobiazzek
{quote} So the only ones safe rn would be FTMO based on that? So all the others will have to either ban access to US clients or use something else like Ctrader(which many try to incorprate for a long time so probably wont happen) or some shit like tradelocker. Damn it's not looking good for US people. I'd guess if the props have to choose before losing 30% of their clients and losing them all due to not having a platform where clients can trade then they'd go in ftmo's footsteps.
FTMO stopped accepting new US clients a couple of weeks ago. cTrader has been banned in the US for atleast 8-9 years. They do not want US redidents trading CFDs. Period. As you can see, they will stop at nothing to get what they want.
  • #28,647
  • Edited 2:33pm Jan 25, 2024 2:12pm | Edited 2:33pm
Quoting Takisd
{quote} Just file with the CFTC and FTC a complaint. There are piles of them about TFT lately exactly the same as yours. Also be sure to let the authorities in the UAE know.
This is what I am not quite clear on. When Dodd Frank forced US and non-US brokers to comply with their rules and financial obligations (pay to play), everyone stopped accepting US clients. MFF has been shut down since Sept.1, FTMO was recently scared out of the US, how is TFT still operational? It sure seemed simple to seize MFF website and freeze the assets....there are 15 or so firms that actually SHOULD BE SHUT DOWN, yet, the one that shouldn't have been, was.
  • #28,648
  • Jan 25, 2024 3:17pm Jan 25, 2024 3:17pm
Quoting AaronPriest
{quote} I have gone round and round with them on updating the language on their home page and FAQ to be more clear. It still has conflicting information today, LOL!
Tells a lot about their competence and lack of understanding about forex. The same applies to Matt since he is co-founder. Didn't he have time or interest to go through the site before their launch on 1/5/24. On the channels he has just been repeating their contradicting EA policies. One would think that he knows better but maybe not.
  • #28,649
  • Jan 25, 2024 3:44pm Jan 25, 2024 3:44pm
Quoting Rado-FX
Hello Guys, I got terminated by The Funded Trader a couple of days ago for no reason. Tried to clarify with them but they just stopped communicating. 0 prior warnings, I had 375 k funded account and another 300k. Lately, I was on the roll scalping the GU rising channel making $2-5k per day and I guess it was too much for them. I described my experience a little bit in Trustpilot https://www.trustpilot.com/users/65b...2a4c00128c3695 If you guys have a similar experience, It might be good to reply on Twitter to try to get some friction....
Frederick from TFT has replied to your issue / review on Trustpilot. Good luck and interested to hear the outcome.
  • #28,650
  • Jan 25, 2024 3:57pm Jan 25, 2024 3:57pm
Quoting DwnUndrTrdr
{quote} Frederick from TFT has replied to your issue / review on Trustpilot. Good luck and interested to hear the outcome.
Yes, please provide us the outcome. I still have accounts with them, although I do not trade them as I lost all trust in this company.
  • #28,651
  • Jan 25, 2024 4:10pm Jan 25, 2024 4:10pm
Quoting pipmaster77
{quote} This is what I am not quite clear on. When Dodd Frank forced US and non-US brokers to comply with their rules and financial obligations (pay to play), everyone stopped accepting US clients. MFF has been shut down since Sept.1, FTMO was recently scared out of the US, how is TFT still operational? It sure seemed simple to seize MFF website and freeze the assets....there are 15 or so firms that actually SHOULD BE SHUT DOWN, yet, the one that shouldn't have been, was.
TFT is a different animal. If TFT catches a charge or complaint it will be criminal and those types of cases actually need a proper investigation and multiple pieces of evidence etc far more complicated than a civil complaint.

Can't comment/dont want to comment on the MFF stuff, I am privy to a few things recently but prefer that it plays out in the public space than to have a conversation about it.

I do suspect that TFT is about to get clapped but angelo is preparing to leave the US for UAE, so people who want to file complaints about him should do so in the UAE as well for extra fun.
  • #28,652
  • Jan 25, 2024 4:26pm Jan 25, 2024 4:26pm
Quoting pipmaster77
{quote} FTMO stopped accepting new US clients a couple of weeks ago. cTrader has been banned in the US for atleast 8-9 years. They do not want US redidents trading CFDs. Period. As you can see, they will stop at nothing to get what they want.
I am currently in a challenge with FTMO and they told me these regulations do not apply to me since my challenge was purchased before Jan 2024.

I guess I will keep moving forward on my Challenge.

I am out of Texas.
Drawdown is more important than Account Size !
  • #28,653
  • Jan 25, 2024 4:30pm Jan 25, 2024 4:30pm
Quoting procrude
{quote} I am currently in a challenge with FTMO and they told me these regulations do not apply to me since my challenge was purchased before Jan 2024. I guess I will keep moving forward on my Challenge. I am out of Texas.
Yes, existing is OK. They no longer accept new US customers.
  • #28,654
  • Jan 25, 2024 5:18pm Jan 25, 2024 5:18pm
Quoting Takisd
all this is going to do is embolden cue banks and his tradelocker charting system. So a scammer gains more power.
Inserted Video
  • #28,655
  • Jan 25, 2024 5:24pm Jan 25, 2024 5:24pm
Quoting TraderTero
On the channels he has just been repeating their contradicting EA policies. One would think that he knows better but maybe not.
-From my observations, snakes usually need a little wiggle room to zig and zag.
  • #28,656
  • Jan 25, 2024 11:14pm Jan 25, 2024 11:14pm
Quoting pipmaster77
{quote} This is what I am not quite clear on. When Dodd Frank forced US and non-US brokers to comply with their rules and financial obligations (pay to play), everyone stopped accepting US clients. MFF has been shut down since Sept.1, FTMO was recently scared out of the US, how is TFT still operational? It sure seemed simple to seize MFF website and freeze the assets....there are 15 or so firms that actually SHOULD BE SHUT DOWN, yet, the one that shouldn't have been, was.
I bet the customers' complaints against Angelo and his firms (TFT and others) are at least 100 times, probably 1000 times, the complaints against MFF. But CFTC shut down MFF and have not taken any action against Angelo to 'protect' us. Why? Is it because MFF has more cash that CFTC can get into its pocket?
  • #28,657
  • Jan 25, 2024 11:38pm Jan 25, 2024 11:38pm
Quoting ladder
Is it because MFF has more cash that CFTC can get into its pocket?
-Undoubtedly. And if they can establish precedence or some kind of meaningful win with the biggest player, then the rest should make for very easy prey.
  • #28,658
  • Jan 25, 2024 11:46pm Jan 25, 2024 11:46pm
Anyone interested alpha has 40% running promo till this weekend code is DI6C0RD. Specifically its a ZERO not aphabet O.

Just bought myself one
Extreme gut feeling trader
  • #28,659
  • Jan 25, 2024 11:53pm Jan 25, 2024 11:53pm
Quoting montygoldy
Anyone interested alpha has 40% running promo till this weekend code is DI6C0RD. Specifically its a ZERO not aphabet O. Just bought myself one
40% ?
That's insane,

the rules
What is Alpha Capital Group's Policy Against Gambling in Trading?
what is that mean ?
  • #28,660
  • Jan 26, 2024 1:00am Jan 26, 2024 1:00am
Quoting HengkiTjen
{quote} 40% ? That's insane, the rules What is Alpha Capital Group's Policy Against Gambling in Trading? what is that mean ?
alpha is decent i have purchased before but failed same in decemeber with 40% code
Extreme gut feeling trader
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